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Dec 27, 2012
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, a revenue measure that didn't originate in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal, as i said at that time, was that we knew it didn't pass constitutional muster and that democrats were really serious they would proceed to a revenue bill that originated in the house, as the constitution requires, and as i called on them to do again last week. to repeat, the so-called senate bill is nothing more than a glorified sense of the senate resolution so let's put that convenient talking point aside from here on out. last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. that having been said, we'll see what the president h
, a revenue measure that didn't originate in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal, as i said at that time, was that we knew it didn't pass constitutional muster and that democrats were really serious they would proceed to a revenue bill that originated in the house, as the constitution requires, and as i called on them to do again last week. to repeat, the so-called...
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Dec 28, 2012
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. >> it hasn't got ensigned into law. there's no success yet there. >> boehner should move it tomorrow. he should just do that. >> jonathan? >> listen, the president campaigned on a three to one spending reduction and we're not see anything spending here. democrats controlled two-thirds of the chips. >> joy ann, why is this all about taxes? >> one reelection and the -- it doesn't do that much spending. >> it's been all about taxes. >> all about raising taxes. >> there's this obsession with raising taxes. >> it was to go after school lunches and elderly care, health care for poor kids and increased spending. >> no, no, no, they want entitlement reform, joy ann. why this obsession with cutting old people's medicare? >> it's not an obsession about cutting benefits to the elderly, joy ann. it's about reforming medicare over time so at some point in the future we don't tell an 80-year-old you know what? you're not going get the medicare cha you thought you would have. this is about not hurting the elderly. >> the republican so
. >> it hasn't got ensigned into law. there's no success yet there. >> boehner should move it tomorrow. he should just do that. >> jonathan? >> listen, the president campaigned on a three to one spending reduction and we're not see anything spending here. democrats controlled two-thirds of the chips. >> joy ann, why is this all about taxes? >> one reelection and the -- it doesn't do that much spending. >> it's been all about taxes. >> all about...
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Dec 29, 2012
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vladimir putin banned adoption into law. is the president's trip to moscow early next year still on? first, we have to get back to the fiscal cliff impasse and the president's decision to ask the senate leaders to make a deal. here now to ace cnbc contributor, biden's chief economist and jimmy path kukis of the american enterprise institute. will we have a deal by monday. >> >> think we are. if you had asked me before the president spoke i would have said no. >> why? >> because i can see a path. if mcconnell and reid can hammer out a deal that's acceptable to both of them i believe that john boehner will let that deal come up for a vote in the house, and i believe that vote will pass in the house though probably with majority democrat. if that happens, we may well have a deal. >> you said a big f, though. if mcconnel and reid can hammer something out. the senate hasn't passed a budget in years, jared. tell me, how is harry reid going to come up with something by monday? >> well, as you've been stressing for most of the show,
vladimir putin banned adoption into law. is the president's trip to moscow early next year still on? first, we have to get back to the fiscal cliff impasse and the president's decision to ask the senate leaders to make a deal. here now to ace cnbc contributor, biden's chief economist and jimmy path kukis of the american enterprise institute. will we have a deal by monday. >> >> think we are. if you had asked me before the president spoke i would have said no. >> why? >>...
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Dec 28, 2012
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welcome to my father-in-law jim lemarca and the cast of his book, "bonus time." it's sort of like "zero dark 30" kind of sort of. >> that will do it for "power lunch." >> "street signs" begins right now. >>> there is a full cornucopia of cliffs on this fiscal friday. the president plans to pop another tax proposal on congress, but will it pass? the clack is ticking. latest ahead. >>> so what would a cliff jump really mean for american business? you will hear directly as we reconvene our exclusive small biz all-star panel. >>> plus, call it the retail hu "hunger games." three companies that may not survive. >>> predictions 2013. big calls for the new year, mandy. >>> bring it on. the s&p 500 is on track for a fifth straight decline. some of the hope does seem to be coming out of the market of late for a deal. of course, there could still be time. nonetheless, what we have seen is a drop of 1.3% so far this week. indead, the s&p's longest losing streak in three months. even the good news on home sales. not helping the three major averages which are on pace for thei
welcome to my father-in-law jim lemarca and the cast of his book, "bonus time." it's sort of like "zero dark 30" kind of sort of. >> that will do it for "power lunch." >> "street signs" begins right now. >>> there is a full cornucopia of cliffs on this fiscal friday. the president plans to pop another tax proposal on congress, but will it pass? the clack is ticking. latest ahead. >>> so what would a cliff jump really mean for...
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Dec 27, 2012
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of 2013 -- >> i don't like it in january, judge, for what i just mentioned because we will see tax laws selling. we have not seen. we have seen gains selling, people taking gains. when they start taking these loss and when all the rest of this stuff kicks in, that's when i worry these guys will make an even worse deal in panic in january. >> let's go to our guests. what is the best way to protect your money with the cliff deadline a few days away, jason pride, director of glenn me. how are you doing? how do you perceive the markets with a couple days of trade iin left? >> i kind of agree with the consternation and concern of washington and everybody there. we look at the position of one of three possibility, back to upside normalized growth, complete downside recession. and the middle of the road scenario, we begrudge this and keep doing it sloppily every once in a while, as we have been recently but manage to make our way longer term. we think that scenario is more likely and the upside has to be discounted and downside scenario we have to recognize is not an immaterial risk. positioni
of 2013 -- >> i don't like it in january, judge, for what i just mentioned because we will see tax laws selling. we have not seen. we have seen gains selling, people taking gains. when they start taking these loss and when all the rest of this stuff kicks in, that's when i worry these guys will make an even worse deal in panic in january. >> let's go to our guests. what is the best way to protect your money with the cliff deadline a few days away, jason pride, director of glenn me....
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Dec 25, 2012
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she lives a simpler life now in a three-room apartment in south florida, but she remains ruth madoff, lawful wife of the greatest financial criminal in history. why haven't you filed for a divorce from this man? >> i don't know. it doesn't matter to me. he's gonna die in prison. i certainly don't want to find another man these days. >> he'll probably see this interview. are you concerned about-- >> i was thinking about that. no, i'm not concerned. he should hear it. >> believe her or not, the thousands of victims may have little sympathy for andrew and ruth, but it can't be denied that they, too, are victims of bernie madoff. that's mark and andrew? >> mm-hmm. [tearfully] in happier times. >> they lost a son and brother and will forever carry the shame of the madoff name. >> what he did to me, to my brother, and to my family is unforgivable. what he did to thousands of other people, destroyed their lives, i'll never understand it. and i'll never forgive him for it. and i'll never speak to him again. >> in june 2012, bernie madoff's younger brother peter pled guilty to charges of conspiracy a
she lives a simpler life now in a three-room apartment in south florida, but she remains ruth madoff, lawful wife of the greatest financial criminal in history. why haven't you filed for a divorce from this man? >> i don't know. it doesn't matter to me. he's gonna die in prison. i certainly don't want to find another man these days. >> he'll probably see this interview. are you concerned about-- >> i was thinking about that. no, i'm not concerned. he should hear it. >>...
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Dec 24, 2012
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now they want to talk gun control for law-abiding citizens? that was just "fast and furious." mike tweeted us about benghazi and the report, always blame the dead guys. they did. thanks for being with us. has t. >> wall street is very concerned. no doubt the average folks at home who have been cutting back more inclined to hang onto their wallets. they don't know what will happen. thank you congress. thank you mr. president. >> it is charities' season. makes us feel good to give. that is why there is a concert for storm victims. a bit greedy businesses ted turner did not like that idea. >> there is nothing more to say list. >> good by. >> now there are new ways to give to charity. >> where should you give? tonight. >> what does charity mean to you? the media obsesses what celebrities do and big stars raised more than $30 million for the hurricanes and the victims but this is not charity is most know it but quieter purpose 64% give almost $1,000 to their church the most common form followed by schools and then those meant to help the poor. had you know, they are legitimate? mad
now they want to talk gun control for law-abiding citizens? that was just "fast and furious." mike tweeted us about benghazi and the report, always blame the dead guys. they did. thanks for being with us. has t. >> wall street is very concerned. no doubt the average folks at home who have been cutting back more inclined to hang onto their wallets. they don't know what will happen. thank you congress. thank you mr. president. >> it is charities' season. makes us feel good...
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Dec 28, 2012
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this is the law firm from that. i think this is a big deal and they're going to go after him hard. >> you're telling me you'd buy the stock? >> i did a few days ago but unfortunately liquidated it two days ago when it was 28. i mean, this stock traded down into the 25, 24 range. >> it is not only that. the stock has come from 50 down to 30. people are taking gains on their shorts. >> stocks may be down for a fifth straight day but our next guest sees that as an opportunity to buy, alec young, global equity strategist. >> great to be here. >> we gave the shorter-term traders something to chew on. if you are a longer-term investor are you focused at all on the cliff and should you be? >> i am. because it is going to determine my entry point. frankly the worse it gets the better because it means i get to buy stock cheaper. the cliff is all about when do you get long? i think it is the risk reward is nicely set up for risk assets into 2013. it's just a question of do you jump in now or does the cliff give you a better b
this is the law firm from that. i think this is a big deal and they're going to go after him hard. >> you're telling me you'd buy the stock? >> i did a few days ago but unfortunately liquidated it two days ago when it was 28. i mean, this stock traded down into the 25, 24 range. >> it is not only that. the stock has come from 50 down to 30. people are taking gains on their shorts. >> stocks may be down for a fifth straight day but our next guest sees that as an...
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Dec 28, 2012
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>> well, this year i'm transferring the majority of my ranch, as long as we're under the tax laws that we have in the next few days, majority of my ranch will go to my sons, and i'm basically semi-retired, shall we say. >> what -- what is happening, bob, is more and more family-owned ranches, the family is having to sell the farm or the ranch because they can't afford the taxes, and the value of those farms and ranches has gone up over the time because of the tremendous interest in farmland these days, right? >> well, most of it in our area has been bought up by outside money for recreation purposes. we live in a very scenic area. it's not all that conducive sometimes to agriculture because we only get about 14 inches of rain, but we have beautiful trout streams and wildlife, and there's been a lot of influx of people with deep pockets buying ranches in montana, and the average price in our area has gone for over 2,000 an acre which cows can't pay for so trying to keep it in the family -- >> so an unintended consequence of raising the tax and lowering the threshold is exactly that thou
>> well, this year i'm transferring the majority of my ranch, as long as we're under the tax laws that we have in the next few days, majority of my ranch will go to my sons, and i'm basically semi-retired, shall we say. >> what -- what is happening, bob, is more and more family-owned ranches, the family is having to sell the farm or the ranch because they can't afford the taxes, and the value of those farms and ranches has gone up over the time because of the tremendous interest in...
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Dec 29, 2012
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are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been talking about. a hundred billion dollars it hasn't happened yet. it's not like the deadline comes as a surprise to anybody at all, the least of all congress. they were the ones who extended the bush tax cuts. originally passed back in 20,122,010 and 2012. for two years now, they have known the issue is looming and they chose to do nothing about it at all. but that is not the only thing that this lame-duck congress has to do for the end of the year. the farm bill passed last summer to help farmers hit by the drought has to be extended. into the next year, it must pass. if they do nothing, a gallon
are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been...
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Dec 26, 2012
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. >>> herbalife hires a strategic advisor and a law firm. is the best defense a good offense? we will talk about the stock's chances of a recovery. >>> jane wells drawing the short straw at the one place that i would not want to be today. >> reporter: well, you know, i'm glad i got here at 4:00 a.m. because i was able to find a parking space. we have been talking to all these analysts. up next, we actually talk theo couple shoppers. what are they buying and returning? does the fiscal cliff even matter? over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insue q usaa. we know what it means to serve. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because pers
. >>> herbalife hires a strategic advisor and a law firm. is the best defense a good offense? we will talk about the stock's chances of a recovery. >>> jane wells drawing the short straw at the one place that i would not want to be today. >> reporter: well, you know, i'm glad i got here at 4:00 a.m. because i was able to find a parking space. we have been talking to all these analysts. up next, we actually talk theo couple shoppers. what are they buying and returning?...
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Dec 31, 2012
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. >> i went to law school while i was working and people said, why are you going to law school when have you a career? i said, a, it won't be long, knowing me. >> 9 1/2 hours before the fiscal fiasco. john has breaking news at the white house. what do you have, john? >> i have news just confirmed bay white house official. there is two ways to raise money from people in income. one is by raising rates. we talk about the clinton rate of 39.6 being $400,000 for individuals and 450,000 for couples. but there is going to be a letter right rait under it tentative deal, still emerging, for the phase out of deductions and credits. that phase-out would begin at incomes of $250,000 for individuals and $300,000 for couples. that means that the president can say that he had campaigned on raising taxes over incomes of 250,000 in this instance for this purpose, of winding down deductions and credits, he can say that. now again, this doesn't get into the revenue goals that he sought initially in the deal but a way for him it signal to democrats that in fact i'm trying to get revenue down at lower incom
. >> i went to law school while i was working and people said, why are you going to law school when have you a career? i said, a, it won't be long, knowing me. >> 9 1/2 hours before the fiscal fiasco. john has breaking news at the white house. what do you have, john? >> i have news just confirmed bay white house official. there is two ways to raise money from people in income. one is by raising rates. we talk about the clinton rate of 39.6 being $400,000 for individuals and...
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Dec 27, 2012
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welcome to the new law will not allow you to deduct $20 that you previously were allowed to deduct. if you're in the 25% tax bracket, it will cost you $500,000. gerri: that kind of deduction is used by people who are in deep financial debt with medical expenses. these are people who really need help. somehow ey are going to have ss hell. let's talk about this or tax on investment income. using the same issue applies there. it's not just the althy people who will get you with us. what do you mean? >> well, if you have an ira or 401k if you take your money out, which you have to do at a certain age, there is an additional 3.8% is going to be tacked on to your taxes. in other words, if you have $10,000 that you want to install, $380 go to pay for health care. you don't have to be rich to $10,000 in the ira. nobody talks about that. it also goes from the transaction he might have in the bank or anything you want gerri: something that people don't realize that it's happening, people love flexible spending accounts. it allows you to set aside pretax dollars to set aside for a variety of t
welcome to the new law will not allow you to deduct $20 that you previously were allowed to deduct. if you're in the 25% tax bracket, it will cost you $500,000. gerri: that kind of deduction is used by people who are in deep financial debt with medical expenses. these are people who really need help. somehow ey are going to have ss hell. let's talk about this or tax on investment income. using the same issue applies there. it's not just the althy people who will get you with us. what do you...
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Jan 1, 2013
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take that bill and agree to it, that it would pass with 218 votes, and then perhaps it would become law and the fiscal cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all over again on thursday with the 113th congress? nbc's luke russert has been reporting for us and he was speaking with members early and heard from one member, luke, and i found this very interesting, you said that that member told you that was in the room for one of the meetings in the conference, 40 members spoke up, 37 spoke out against the plan, and 3 spoke for it. who are those three? who might they be? and what is the sentiment they have that they're so brave as it sounds to be
take that bill and agree to it, that it would pass with 218 votes, and then perhaps it would become law and the fiscal cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house....
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Dec 31, 2012
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>> the sequestration was signed into law by the president 18 months ago. it takes effect january 2nd. it was an important part of the last debt limit discussion. there's no way in the world that you can play that forward to the next debt limit discussion. that just doesn't work. the sequestration has to go forward as it is written as the president signed into law. remember all of this, the tax piece, the sequestration and don't forget obama care taxes, all of those were things signed by the president. clearly he wanted this scenario, or he wouldn't have signed those pieces of legislation. >> i would like to push a bit more on bill's previous question about tax hikes. because if i'm not wrong and do correct me if i'm wrong, you have said before that you would not vote for the elimination of a tax cut for those making over 45 450k. that is what's on the table now. would you change your mind on that? >> i'm not going to fore close any possibility until i see what is really offered. but let's be honest. from the face of it, it looks like raises taxes in order
>> the sequestration was signed into law by the president 18 months ago. it takes effect january 2nd. it was an important part of the last debt limit discussion. there's no way in the world that you can play that forward to the next debt limit discussion. that just doesn't work. the sequestration has to go forward as it is written as the president signed into law. remember all of this, the tax piece, the sequestration and don't forget obama care taxes, all of those were things signed by...
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Dec 26, 2012
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the law firm, these are the guys that represented bush -- rather, gore against bush and microsoft versus the united states. they're the who's who of companies. >> david b 0oyce, he's the fame attorney. >> that's right. this is not playing around. this is going after ackman. there could be some tortious interference here. we'll have to see how big they can make. >> barry manilow, really? >> that was a song. >> come on. >> i'm with weiss on that. i don't know. >> everybody is thinking it. he said it. >> he's the man that wrote the song. >> christmas dinner with barry. >> here it is. >> we know what he got for christmas. >> it's an emotional time of year now. >> who gave it to him. >> we know what he got. >> are you going to let any lyrics come through? all right. we'll move on as "the wall street journal" highlights, the turf wars between apple, amazon, google is heating up. let's trade it. between apple, between google, between amazon and facebook, which stock is going to emerge as the biggest winner next year? >> apple and google, i stick with apple. we've been talking about it for a mon
the law firm, these are the guys that represented bush -- rather, gore against bush and microsoft versus the united states. they're the who's who of companies. >> david b 0oyce, he's the fame attorney. >> that's right. this is not playing around. this is going after ackman. there could be some tortious interference here. we'll have to see how big they can make. >> barry manilow, really? >> that was a song. >> come on. >> i'm with weiss on that. i don't know....
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Dec 27, 2012
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the law is supposed to protect privacy. should it be the law in every state? stacy snyder and rebecca rosewood lander here. a handful of states. california, delaware, illinois, maryland and new jersey did not allow employers to ask for facebook or twitter passwords. good idea or bad? >> absolutely good. it's ridiculous. we have another 14 states looking to impose the same. illinois just passed, that's coming to play january 1st. why should they get on anyone's social media site in a personal site, that has personal photos and memorabilia, no need. invasion of privacy. >> eric: she's got a point. >> it's not personal anymore. once you post information in a public domain, you put it on line, it's now out in the public. employers have a legal right to judge employees based on conduct inside and outside the workplace. why should the technology of having a password to gain access to this information prevent employers from learning information that they're entitled to get. the public's entitled to get it, it's open to the world. there shouldn't be laws restricting e
the law is supposed to protect privacy. should it be the law in every state? stacy snyder and rebecca rosewood lander here. a handful of states. california, delaware, illinois, maryland and new jersey did not allow employers to ask for facebook or twitter passwords. good idea or bad? >> absolutely good. it's ridiculous. we have another 14 states looking to impose the same. illinois just passed, that's coming to play january 1st. why should they get on anyone's social media site in a...
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Dec 26, 2012
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. >> they also hired shiller, the law firm. not clear why they would hire a law firm at this point. no reason given. they have hired them, which is another, hmm, wonder what they're up to kind of move. bob pisani is on the floor with what's moving today. >> we're up 24 points in the dow. and a lot of people think a grand bargain is impossible at this point. but president obama coming back from vacation in hawaii. that's an indication that some kind of deal -- however small -- is definitely coming. i want to point out, and i know you've been negative on this mastercard data on retail sales, and everybody thinks it's going to be a mess for the holiday season. i want to point out that the stocks are not acting that way. that this is a disaster for the season. the s&p retail index hit an historic high on december 3rd. historic high. since then, it has only been down about 3%. these stocks are not acting like there's a disaster. i can give you several reasons why they're not down so far. number one, we are going to see eps growth in the fourth quarter from some of them because of the ext
. >> they also hired shiller, the law firm. not clear why they would hire a law firm at this point. no reason given. they have hired them, which is another, hmm, wonder what they're up to kind of move. bob pisani is on the floor with what's moving today. >> we're up 24 points in the dow. and a lot of people think a grand bargain is impossible at this point. but president obama coming back from vacation in hawaii. that's an indication that some kind of deal -- however small -- is...
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Dec 31, 2012
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not the higher rate called for undercurrent law of 39.6% for dividends. 20% for both. this is something that both sides are going to have to consider. see if they can regard it as acceptable it their members. once we get a conclusion to those talks, everything nailed down, then well find out whether this is bipartisan support in the senate and whether that induces speaker bainer to put a bill on the floor, even if a majority of his numbers don't support it, sue. >> john harwood, thank you very much. and john outlined it perfectly because if there is a deal in the senate along the lines of what john just outlined within will it be able to pass the house? representative marlin stutsman is republican from indian and sits on the budget committee. welcome to "power lunch" sir, good to have you here. >> thank you, sue. good afternoon. >> in the details are in this package, will that package make it through the house? >> we will have to wait and see what senate does send back to the house. the house passed its first tax dill back in august. sent it to the senate. and of cours
not the higher rate called for undercurrent law of 39.6% for dividends. 20% for both. this is something that both sides are going to have to consider. see if they can regard it as acceptable it their members. once we get a conclusion to those talks, everything nailed down, then well find out whether this is bipartisan support in the senate and whether that induces speaker bainer to put a bill on the floor, even if a majority of his numbers don't support it, sue. >> john harwood, thank you...
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Dec 31, 2012
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on capitol gains and dividends, the rates would go from 15% under current law for 20% for people in the top income bracket. some popular tax deductions and credits from the stimulus bill, on clean energy, wind energy, education tax credits would be preserved under this deal. unemployment benefits extended for a year. there would be a doc fix. that is preventing doctors who work under medicare from having their reimbursements dramatically cut and you've had a fix to the alternative minimum tax, protecting tens of millions of families from a huge increase in their tax bill based on some provision that was originally intended only to hit people at the top. that's what we know so far but there's still elements in play and democrats have not yet scheduled a caucus meeting in the senate to sell this deal to their members. when they do that, you can expect vice president biden to go to the hill, talk to democrats, try to persuade them to vote for this. >> you mentioned in the biden/mcconnell talks, a couple of sticking points. one is the sequestering. what was the second one? >> well, there's
on capitol gains and dividends, the rates would go from 15% under current law for 20% for people in the top income bracket. some popular tax deductions and credits from the stimulus bill, on clean energy, wind energy, education tax credits would be preserved under this deal. unemployment benefits extended for a year. there would be a doc fix. that is preventing doctors who work under medicare from having their reimbursements dramatically cut and you've had a fix to the alternative minimum tax,...
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Dec 28, 2012
12/12
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. >> civilians are less likely to hit the target versus law enforcement and representative ron paul is against all of this. he's saying this is not the answer, this or wellion surveillance totalitarian way to go and total state control he says will be invited into the schools if you're armed teachers. >> ron paul says that. >> representative ron paul is against this. >> use it as a extension of government. >> yeah, he does, i understand the man's point, i'm just surprised to hear this. >> he's vehemently against this. >> not every teacher is so stable, too. i tell you something, i come from a long line of teachers in my family, a lot of stories about teachers. >> send your e-mails-- >> stop it right now, the e-mails are on the way. in a few minutes the latest read on pending home sales for november. and we ask a secondary question, will falling off the fiscal cliff kill this one bright spot in the economy which is housing why can't congress make a deal? it had months to compromise and there's nothiig out there. the dow is down 88. copd makes it hard to breathe, but with advair, i'm b.
. >> civilians are less likely to hit the target versus law enforcement and representative ron paul is against all of this. he's saying this is not the answer, this or wellion surveillance totalitarian way to go and total state control he says will be invited into the schools if you're armed teachers. >> ron paul says that. >> representative ron paul is against this. >> use it as a extension of government. >> yeah, he does, i understand the man's point, i'm just...
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Dec 25, 2012
12/12
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i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. >>> welcome back to "early start." two vicious attacks on hungry syrian people waiting in line for bread. this happened in the span of two days. the latest attack happened and 15 people were killed by an air assault in homs province. and now traffic video that some may find tough to watch. hundreds of people were found dead in hama province. mohammed jamjoon is following all of these developments. he is in beirut, lebanon. mohammed. >> reporter: dana, it was on sunday that the attack in hama province happened according to opposition activists. they say there were hundreds of people in line outside a bakery, that it was the first time that a bakery had been open and a town in the last several days that had been liberated by rebel-free syrians. they say the bakery
i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. >>> welcome back to "early start." two vicious attacks on hungry syrian people waiting in line for bread. this happened in the span of two days. the latest attack...
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Dec 25, 2012
12/12
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if you wanted to follow jesus, you had to become a jew and obey jewish law. and peter wielded considerable power back in jerusalem, power given to him by jesus. >> according to the gospel of matthew, jesus says to peter, "you are peter," the greek term for rock, petros, "and on this rock, petra, i will build my church." >> peter became the head of the small christian church that was centered in jerusalem itself. so early on, peter was the key player in early christianity, and according to our traditions, was the one who converted jews early on to believe in jesus as the messiah. >> but there was another crucial leader of the early followers of jesus. his name was james, and he seemed to have the ultimate trump card in the new faith. >> because he was jesus' earthly brother, he was naturally raised in prominence among the christians of jerusalem, and eventually then, it wasn't long before he became the leader of the jerusalem church. >> when james agreed with peter, jesus was for the jews. within two decades of the crucifixion of jesus, scholars say, christian
if you wanted to follow jesus, you had to become a jew and obey jewish law. and peter wielded considerable power back in jerusalem, power given to him by jesus. >> according to the gospel of matthew, jesus says to peter, "you are peter," the greek term for rock, petros, "and on this rock, petra, i will build my church." >> peter became the head of the small christian church that was centered in jerusalem itself. so early on, peter was the key player in early...
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you know something you have to sell such a law sergius nothing happens it's just another nigga de de de de de de. this is my grandson his name was mark an alias is seventeen years old very promising young boy and in one thousand nine hundred sixty came here to los angeles to visit me. i begged my son to allow him to come from yuba city california. to visit me he was here three weeks and he was shot and killed tens there ready in the morning walking across the street headed for the do i see high school. he didn't. even know too much about the gang as a matter of fact he said to him when i warned him about where to go. he said grandma. this is. where we're supposed to be free this is where we're supposed to be able to walk down any street we need to use. and the next day he died doing what he thought. was his right. there is a way a live man or. an upper management. can you imagine a society where mothers are burying their children instead of their children burying their mothers. were. were. were . were. way. why. it's ok to cry and have to cry. i had to cry in order to to to keep gone
you know something you have to sell such a law sergius nothing happens it's just another nigga de de de de de de. this is my grandson his name was mark an alias is seventeen years old very promising young boy and in one thousand nine hundred sixty came here to los angeles to visit me. i begged my son to allow him to come from yuba city california. to visit me he was here three weeks and he was shot and killed tens there ready in the morning walking across the street headed for the do i see high...
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made their way into foreign hands last year last month westminster said that it wouldn't change any laws but would take a greater interest in foreign acquisition the only thing is by the time they get around to it there might be nothing left to sell polly boy see london terror warning canada that. made a dangerous move by taking on a taurus iranian militant group off its terrorist kind of there is a following a similar move by the u.s. in accepting that the any way has renounced violence and wants peaceful regime change in iran if a national looks at the organizations record and it has from some iranians who are wary of the digital izing it muhammad shows me his box of handmade treasures earrings attendance all made from stone the only material he could find in the prison yard. michel martin this is how we killed time and the pain from the torture and hunger i still get headaches when i remember this talking about the sham valley iranian soldier mohammad spent eighteen years in an iraqi jail during the nineteen eighties iran iraq war he says he would have been freed earlier if he joined
made their way into foreign hands last year last month westminster said that it wouldn't change any laws but would take a greater interest in foreign acquisition the only thing is by the time they get around to it there might be nothing left to sell polly boy see london terror warning canada that. made a dangerous move by taking on a taurus iranian militant group off its terrorist kind of there is a following a similar move by the u.s. in accepting that the any way has renounced violence and...
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Dec 28, 2012
12/12
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and julian epstein, democratic strategist with law media group. judd, now that you're a goldman sachs man, i assume that goldman sachs people call you and say what's going to happen? what do we tell our clients who are asking us what to do and how to play this? and you tell them what? >> well a few people occasionally call me. andrew it's gregg judd if you want to get the name right. >> what did i say? >> you said judd gregg. >> he's one of the judds. >> it is judd gregg. >> thank you. >> he's totally -- >> yanking both of your -- >> i've been having such a hard morning i believed you for about a second. >> you've got to say it's epstein like frankenstein. >> i'm good with whatever you're good with. >> my view has been all along that these folks are going to reach an agreement. unfortunately it doesn't look that way right now. they do have this meeting and i think if the president comes to the meeting with a very specific proposal versus opening the meeting up for discussion that they can discuss in the meeting specific proposals that they can deb
and julian epstein, democratic strategist with law media group. judd, now that you're a goldman sachs man, i assume that goldman sachs people call you and say what's going to happen? what do we tell our clients who are asking us what to do and how to play this? and you tell them what? >> well a few people occasionally call me. andrew it's gregg judd if you want to get the name right. >> what did i say? >> you said judd gregg. >> he's one of the judds. >> it is judd...
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Dec 26, 2012
12/12
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the law of the land, looks like it will stay. although you read thing about other challenges, i don't know how likely that is. but for most of the year were people assuming it was going to stand up to all of these? >> actually, for most of the year i think people were thinking it was going to be overturned. especially around the supreme court. >> yeah. >> and there was also the presidential election. and you saw a lot of movement around, you know, these events. >> what finally benefited it when it became clear it was going into effect? >> managed care. >> is that going to continue? >> did well. and hospital did well. but that was offset by economic factors. yes, likely to continue for both. i think depending on economics, and that will be dan -- dan's will but hospitals will be more dependent on economics. >> managed care gets $30 million now? >> $30 million in 2014. we may drift for a while in managed care before we get to '14. and pharma is all about drugs, new drugs, new profits. >> right. do you macro look at the obama care t
the law of the land, looks like it will stay. although you read thing about other challenges, i don't know how likely that is. but for most of the year were people assuming it was going to stand up to all of these? >> actually, for most of the year i think people were thinking it was going to be overturned. especially around the supreme court. >> yeah. >> and there was also the presidential election. and you saw a lot of movement around, you know, these events. >> what...
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Dec 26, 2012
12/12
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reconciliation laws, sunset after ten years, they're not permanent and that's why this one is sunsetting, rather than having done a, you know, a long-term tax reform bill. and tax reform is very difficult. >> why can't we get sunsetting on spending, and no sunsetting on tax cuts. we shouldn't be, that's what we should be sunsetting are the spending bills. we should be talking about wind energy that needs to be sunsetted, soon. you bring up the side of the cliff that no one talks about. the sequester, the automatic spending reduction, i don't think it would be a bad thing if washington took the sequester and showed that they could cut spending. >> because we have a never budget balancing act going on with the journalist pointed out the secret gang of six meetings, that's budgeting by, secret gang of 12 meetings. and-- >> quickly that's what we use today call blue smoke and mirrors in washington and that's why people are upset at washington. don't trust them. david: good to see you. well, the numbers are in and you were not shopping as much as last year, apparently. holiday retail sales we
reconciliation laws, sunset after ten years, they're not permanent and that's why this one is sunsetting, rather than having done a, you know, a long-term tax reform bill. and tax reform is very difficult. >> why can't we get sunsetting on spending, and no sunsetting on tax cuts. we shouldn't be, that's what we should be sunsetting are the spending bills. we should be talking about wind energy that needs to be sunsetted, soon. you bring up the side of the cliff that no one talks about....
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you have to understand that the law the so-called dental magnitsky law actually deals primarily a with imposing travel and financial strictures on the number of american officials and persons who have committed crimes against russian citizens and only only part of the law actually bans the adoption of russian children a by american citizens it has been in part inspired by the case of a russian toddler who was adopted by the american family in two thousand and nine and died in their custody several months later after his father left him in a locked in the car in the blistering heat for nine hours the russian lawmakers feel that the american law system does not provide adequate adequate protection for the russian kids and also does not punish those responsible for the deaths of russian kids for example do you think of his father adoptive father walked away with a fine aside from this new law russian lawmakers are also pledging to improve the lives of your friends and also improve foster care situation in russia but this new particular law is seen as a response to the so-called magnitsky
you have to understand that the law the so-called dental magnitsky law actually deals primarily a with imposing travel and financial strictures on the number of american officials and persons who have committed crimes against russian citizens and only only part of the law actually bans the adoption of russian children a by american citizens it has been in part inspired by the case of a russian toddler who was adopted by the american family in two thousand and nine and died in their custody...
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Dec 24, 2012
12/12
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already in your portfolio, or will those be exempt and only for the issues that are bought once the law gets changed? >> nobody knows for sure. that brings up a very important point, which is historically, the treasury department has never imposed taxes on anything retroactively. so this would be a very bad precedent if they decide to apply this to existing bonds that are currently outstanding. what they ought to do is apply this, if they're going to do it, on a foregoing basis, the bonds issued after january 1st, 2013, for example. >> we're showing the picture of the mub, the etf that tracks the municipal bond market. we've seen it decline since the beginning of roughly december. i think a lot of people are concerned about this. but your point is, that perhaps if you buy this year, the treasury would not put taxes on those holdings, correct? which could be a good time to buy muni bonds. >> you're playing a gamble on whether or not the treasury is going to protect you for this year or not. personally, i'm a little bit more worried about the fact that the taxes could apply retroactively.
already in your portfolio, or will those be exempt and only for the issues that are bought once the law gets changed? >> nobody knows for sure. that brings up a very important point, which is historically, the treasury department has never imposed taxes on anything retroactively. so this would be a very bad precedent if they decide to apply this to existing bonds that are currently outstanding. what they ought to do is apply this, if they're going to do it, on a foregoing basis, the bonds...
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Dec 31, 2012
12/12
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current law is taxes are going up on everybody. so how can keeping that happening for 98% of the people -- >> that's the magic formula. >> -- possibly be a tax increase. so i think it would pass. but it's not going to solve the fundamental problem. there's not enough revenue here remotely to do that. actually, my argument has always been, let's get this done, and let's move on to ground our democratic friends are not very comfortable with which is spending cuts and entitlement reform because that's where a real long-term deal has to happen. >> let me just say, you know, if tom cole had been part of these negotiations from the beginning, probably we wouldn't be here on the precipice right now. because i accept his premise, which is, what we all know -- >> you saying he should be speaker? >> that's really helping me a lot. >> i don't want to get my friend in trouble here. but what i'm saying is we all know that starting, you know, tomorrow, all the taxes reset. we have a $5 trillion tax increase. so what we've been saying is, look, l
current law is taxes are going up on everybody. so how can keeping that happening for 98% of the people -- >> that's the magic formula. >> -- possibly be a tax increase. so i think it would pass. but it's not going to solve the fundamental problem. there's not enough revenue here remotely to do that. actually, my argument has always been, let's get this done, and let's move on to ground our democratic friends are not very comfortable with which is spending cuts and entitlement...
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Dec 29, 2012
12/12
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LINKTV
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the constitutional council which oversees all legislation it said the new law was not fair because it applies to individuals and not households. the french prime minister said the government would introduce a new version of the law. >> we will implement measures to respect the commitment of the president of the republic. it will take into account the rejection of the constitutional council and apply the 2013 incomes and will have to be voted. >>> in macedonia, thousands of protesters gathered outside of the headquarters of the right wing ruling party, demanded the prime minister's resignation. the rally is a combination of days of protests that began last week when the opposition was ejected from parliament after a disagreement over next year's budget. we have this report from the capital. >> a march against the government and the capital. but unlike the rest of europe, not against austerity cutbacks. the demonstrators accused the authorities of going on a spending spree which they claim wastes too much of the country's financial resources. instead of doubling their usual christmas or
the constitutional council which oversees all legislation it said the new law was not fair because it applies to individuals and not households. the french prime minister said the government would introduce a new version of the law. >> we will implement measures to respect the commitment of the president of the republic. it will take into account the rejection of the constitutional council and apply the 2013 incomes and will have to be voted. >>> in macedonia, thousands of...
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single come on the whole series of acceptable methods absolutely contrary to international humanitarian law. they can cause the just. the staging terrorist attacks and that it's very disheartening that our western call digs in the security council start that they refuse. condemning terrorist attacks in syria saying that yes there is ms bed but you must take into account the overall context of what is going on in syria and why people resort to terrorist attacks it's absolutely unacceptable and this logic we will might lead us if we follow this logic might lead us to a very dangerous situation not only in the middle east but in other parts of the world. and the west would begin to. qualify terrorist as. bad terrorist and acceptable terrorists. one more reason that arises time to time that could actually ok the foreign intervention is serious possession of chemical weapons do you believe that syria will use chemical weapons or is this another pretext for an invasion i don't believe syria would use chemical weapons it would be political. suicide for the government if it does and it is also acce
single come on the whole series of acceptable methods absolutely contrary to international humanitarian law. they can cause the just. the staging terrorist attacks and that it's very disheartening that our western call digs in the security council start that they refuse. condemning terrorist attacks in syria saying that yes there is ms bed but you must take into account the overall context of what is going on in syria and why people resort to terrorist attacks it's absolutely unacceptable and...
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made their way into foreign hands last year last month westminster said that it wouldn't change any laws but would take a greater interest in foreign acquisitions the only thing is by the time they get around to it there might be nothing left to sell poly boy art see london. iran's tough times as an international outcast could become even tougher what has removed a notorious iranian militant group the k. from its tower block list has now given them the title opposition exile washington claims it's because the group hasn't committed that terrorist threat of a decade and also a place for regime change in the country and maria explains why some iranians are wary of. mohammed shows me his box of handmade treasures earrings pendens all made from stone the only material he could find in the prison yard. michel martin this is how we killed time and the pain from torture and hunger i still get headaches when i remember this time from valley iranian soldier mohammad spent eighteen years in an iraqi jail during the nineteen eighties iran iraq war he says he would have been freed earlier if he join
made their way into foreign hands last year last month westminster said that it wouldn't change any laws but would take a greater interest in foreign acquisitions the only thing is by the time they get around to it there might be nothing left to sell poly boy art see london. iran's tough times as an international outcast could become even tougher what has removed a notorious iranian militant group the k. from its tower block list has now given them the title opposition exile washington claims...
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made their way into foreign hands last year last month westminster said that it wouldn't change any laws but would take a greater interest in foreign acquisition the only thing is by the time they get around to it there might be nothing left to sell. art see london. flying in the face of international criticism israel has announced its plans to build more settlement homes in occupied east jerusalem it brings the total number of settlements approved in the last few weeks to five and a half thousand the details are from poilus clear what we're witnessing is that israel is continuing with its expansion of settlements and this new announcement is that it has approved the building of some one thousand two hundred new secure homes which is a neighborhood in east jerusalem across the green line it comes in less than a month after israel's controversial statement that it was planning to build in the one corridor all which links jerusalem to the west bank and this is a real line for many states and certainly we've witnessed that kind of criticism and condemnation from the international community
made their way into foreign hands last year last month westminster said that it wouldn't change any laws but would take a greater interest in foreign acquisition the only thing is by the time they get around to it there might be nothing left to sell. art see london. flying in the face of international criticism israel has announced its plans to build more settlement homes in occupied east jerusalem it brings the total number of settlements approved in the last few weeks to five and a half...
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Dec 24, 2012
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toughest gun laws in the city. it did not do much to cut down on the violence. it took a lot of police to do it. >> go on the internet. google gun-control and see what you come up with. statements from the founding fathers about our guns. toward washington. -- george washington. try to stop gun sales in this country, you will run into a series of roadblocks. >> australia had a mass killing in the mid-1990s and they passed a severe loss where all existing guns had to be turned in. the government bought them back. after a certain date if they were in your home, you were arrested. they have had a decrease in crime and suicide, which is an interesting development. it seems to me, you either have to go that route, which you cannot in the u.s. -- gun ownership in australia was 5% of households. gallup has shown is 47% here. we have the second amendment and the hisry back to washington. given that we are a different culture, the kinds of laws that we pass are almost always an effective as a result, because there are00 mil
toughest gun laws in the city. it did not do much to cut down on the violence. it took a lot of police to do it. >> go on the internet. google gun-control and see what you come up with. statements from the founding fathers about our guns. toward washington. -- george washington. try to stop gun sales in this country, you will run into a series of roadblocks. >> australia had a mass killing in the mid-1990s and they passed a severe loss where all existing guns had to be turned in....
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course all read the rest of the european markets and analysts i've spoken to they said speculators just law specialist troubled european economies such as pigs because they were extremely sensitive to any news and they just reacted with drastic changes to. life is basically a time of war for opportunity is there but i mean it does not really reflect this is all speculators capital doesn't it's almost like i say all because you're all about speculation vote some analysts saying that the european market is actually a very attractive real a longer term because the overall the region is very cheap and some of the global and in this industrial leaders they are trading at a discount and what's most. what it is that a lot of liquidity is just waiting for any news of stabilization related to the market speaking of cheap as far as i know when it comes to the price to earnings ratio of the russian stocks monitored by bloomberg the cheapest compared to twenty four markets or something i mean what are the prospects right prospects russian of that bad about of all about privatization so if privatization
course all read the rest of the european markets and analysts i've spoken to they said speculators just law specialist troubled european economies such as pigs because they were extremely sensitive to any news and they just reacted with drastic changes to. life is basically a time of war for opportunity is there but i mean it does not really reflect this is all speculators capital doesn't it's almost like i say all because you're all about speculation vote some analysts saying that the european...
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Dec 28, 2012
12/12
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. >> the chinese government has approved a law forcing internet users to use their real names. china says the new rules will help prevent rumors from spreading and clamp down on corruption. but on-line freedom advocates say the policy is intended to stifle dissent. robert bride is in hong kong and send this report. >> this is a very controversial regulation which, as you would expect, gained a quick response from internet users themselves. in china, many commenting it takes the internet in a backward move. critics have argued that this will mean that anybody who posts anything controversial, anything the authorities in china do not like, will be this possible for that and face recriminations. the authorities themselves, though, argue this is merely a measure to protect the rights of citizens to keep their personal information on the net to private and also it would stop rumormonger ring, unfounded rumor mongering of which there have been a number of examples in recent times, causing panic and alarm among citizens in china. it also does seem to indicate which way the new regime
. >> the chinese government has approved a law forcing internet users to use their real names. china says the new rules will help prevent rumors from spreading and clamp down on corruption. but on-line freedom advocates say the policy is intended to stifle dissent. robert bride is in hong kong and send this report. >> this is a very controversial regulation which, as you would expect, gained a quick response from internet users themselves. in china, many commenting it takes the...
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Dec 27, 2012
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so big payday for law firm and toyota deal. the big firm, of the winner, hagans berman. do you know them? >> no. >> seattle based law firm that serves as the lead council in the class action set to receive more than $300 million. not bad work if you can get it. >> how much? >> $300 million. taking a third. a little less than a third. >> -- magnetic business cards as the ambulance passes by. >> right. >> i would buy some stock in those today, right? for these guys. you wonder why texas is doing a little built better. because they have put in some rules in place. i'm sorry. >> no. >> you come from a lawyer. >> i do. but we -- my dad doesn't have magnetic business cards. we don't do ambulances. >> no, you were on the good side of things, wasn't he? >> most of the time. >> all right. not all the time? all right. yeah, you did have that sign, i forgot, from the smoker's litigation, where did that -- asbestos? where did that come from? >> the steinway? >> dock workers at four u.s. ports in the pacific northwest will remain on the job despite an ongoing labor dispute. grain shi
so big payday for law firm and toyota deal. the big firm, of the winner, hagans berman. do you know them? >> no. >> seattle based law firm that serves as the lead council in the class action set to receive more than $300 million. not bad work if you can get it. >> how much? >> $300 million. taking a third. a little less than a third. >> -- magnetic business cards as the ambulance passes by. >> right. >> i would buy some stock in those today, right? for...
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and in the villages they have been threatening you know to call into foreign aggression not to keep law and order civilized men there but their position is provoking the government as i said resorting to terrorist attacks taking hostages and also introducing into this conflict the stick there in a mansion which is very dangerous it is already reverberating in the muslim world. and be. ethnic and confessional sic their income position of syria is so complex that if. chaos. there it was. all over the region but coming back to the present situation if people who say no negotiations with us that if they believe that. he's departure in whatever form is number one priority then they must understand that for these geopolitical goal of theirs they would have to pay the price but the price in the lives of the serious of the syrian civilians. will priority number one is not somebody whose head is these to say. and of the bloodshed and eve they say they want to save syria and to save syrians then they should join us and should. leave the old those who are fighting inside syria to stop doing this a
and in the villages they have been threatening you know to call into foreign aggression not to keep law and order civilized men there but their position is provoking the government as i said resorting to terrorist attacks taking hostages and also introducing into this conflict the stick there in a mansion which is very dangerous it is already reverberating in the muslim world. and be. ethnic and confessional sic their income position of syria is so complex that if. chaos. there it was. all over...
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Dec 27, 2012
12/12
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the new law will have a major impact on your life. find out what some companies are doing because of obamacare is bare. . there . . stuart: reports on the economy came out this morning, freddie mac's 30 year mortgage rate unbelievable, down 3.35%. new home sales, sales of new homes up 4.4% in november compared to the total and very interesting number, consumer confidence. the reading was 65 for december, lowest since august. people worried about the fiscal cliff, a low confidence number. weaker jobless claims down 350,000. the stock market is down this morning, down because senator harry reid essentially said looks like we are going over the fiscal cliff, he said that moments ago on the senate floor and blamed republicans. very much a political fight going on. the dow is down. some companies giving employees money taking care of their own health care. that is obamacare after the break. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experi
the new law will have a major impact on your life. find out what some companies are doing because of obamacare is bare. . there . . stuart: reports on the economy came out this morning, freddie mac's 30 year mortgage rate unbelievable, down 3.35%. new home sales, sales of new homes up 4.4% in november compared to the total and very interesting number, consumer confidence. the reading was 65 for december, lowest since august. people worried about the fiscal cliff, a low confidence number. weaker...